First Tennessee Bank Transforms ATM Channel with Allpoint Network
Allpoint delivers national ATM footprint, high quality retail locations and density of convenient cash access points to First Tennessee customers
HOUSTON, September 13, 2016
– First Tennessee Bank
, the 15th-largest U.S. bank holding company with $106 billion in total deposits, has joined Allpoint Network
, the world’s largest surcharge-free ATM network, with 43,000 ATMs in the United States. With $26.8 billion in total assets, First Tennessee is a subsidiary of First Horizon National Corp. (NYSE: FHN).
Allpoint Network ATMs – conveniently placed in premier retailer locations nationwide – are within First Tennessee’s core branch footprint, as well as across the nation and in the Mid-Atlantic region where the bank has a growing presence.
Making cash access quick and easy for First Tennessee customers, Allpoint adds more than 570 surcharge-free ATMs to the bank’s network in Tennessee, where it has the number one deposit market share in the state.
Dave Miller, executive vice president, Consumer Banking, First Tennessee said:
“Our customers have enthusiastically embraced the digital transformation of banking, which has heightened the need for us to enhance our self-service capabilities, including the ATM. Allpoint Network, which allows First Tennessee customers to withdraw surcharge-free cash where and when it’s easiest for them, is evidence of our focus on consistently offering a best-in-class customer experience.”
Bill Knoll, executive vice president and managing director, Allpoint commented:
“When First Tennessee Bank, which already has one of the highest customer retention rates of any bank in the country, adds Allpoint ATMs to its network, it is a powerful statement on how intertwined digital banking and ATMs have become in fulfilling the self-service demands of consumers. At a time when ATMs are becoming America’s source for cash, Allpoint delivers to First Tennessee customers a national ATM footprint, high quality retail locations, and an unrivaled density of convenient cash access points.”
About First Tennessee
First Tennessee Bank is the largest bank headquartered in Tennessee, with the number one deposit market share in Chattanooga, Knoxville, Memphis and the Tri-Cities and a top-five deposit market share in Nashville. The FTB Advisors wealth management group has 313 financial advisors and $27 billion in assets under administration. First Tennessee was founded during the Civil War in 1864 and has the 14th oldest national bank charter in the country and one of the highest customer retention rates of any bank in the country. First Tennessee, FTN Financial and FTB Advisors are part of First Horizon National Corp. (NYSE: FHN), which has 4,300 employees. First Horizon has been recognized as one of the nation's best employers by Working Mother and American Banker magazines. More information is available at www.FirstTennessee.com.
Allpoint Network is the largest surcharge-free ATM network with ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com
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